In the latest news concerning the increasingly ugly Armstrong debacle, Nike has released a brief statement denouncing the New York Daily News‘ allegations of a coverup. The New York publication recently published an article alleging that Nike had paid former UCI president Hein Verbruggen $500,000 USD to cover up a positive drug test by Lance Armstrong. The UCI is the world governing body for sports cycling and has been at the forefront of the war on doping despite rumors of rampant doping throughout the sport. Chime in with your thoughts below.

In response to the offensive allegations in today’s New York Daily News, Nike vehemently denies that it paid former UCI president Hein Verbruggen $500,000 to cover up a positive drug test. Nike does not condone the use of illegal performance enhancing drugs.